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Re: Blood bath on wall street...my advice..
[Re: TXHOGSLAYER]
#7859533
06/03/20 05:28 PM
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Joined: Dec 2005
Posts: 35,409
Guy
OP
THF Celebrity
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OP
THF Celebrity
Joined: Dec 2005
Posts: 35,409 |
Scratching my head as to why the market is unaffected by all the unrest. I’m sure it is negatively impacting the market, but not enough to offset the positive impact of reopening the economy and less uncertainty now with covid. If there were no riots, the market would be up even more. But this riot thing is short term impacting earning. Plus don't forget the additional 10 trillion that was put into circulation. That will tend to heat things up. Oh absolutely. And for that reason, it could soar past the February high.
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Re: Blood bath on wall street...my advice..
[Re: Guy]
#7859552
06/03/20 05:58 PM
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Joined: Jan 2009
Posts: 19,165
Judd
#1 Creedmoor Fan
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#1 Creedmoor Fan
Joined: Jan 2009
Posts: 19,165 |
I wish I knew for sure but I'm apprehensive....because 2nd quarter numbers are going to be a bloodbath and not sure the unemployment rate doesn't catch up. I had pulled every thing into bonds back when the dow was at 29k and couldn't make myself click submit. I sit here pondering the same decision at 26k.
Don't let your ears hear what your eyes didn't see, and don't let your mouth say what your heart doesn't feel
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Re: Blood bath on wall street...my advice..
[Re: Judd]
#7859564
06/03/20 06:22 PM
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Joined: Jan 2013
Posts: 3,416
TLew
Veteran Tracker
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Veteran Tracker
Joined: Jan 2013
Posts: 3,416 |
I wish I knew for sure but I'm apprehensive....because 2nd quarter numbers are going to be a bloodbath and not sure the unemployment rate doesn't catch up. I had pulled every thing into bonds back when the dow was at 29k and couldn't make myself click submit. I sit here pondering the same decision at 26k. As Ox would say, bank statement. I'm all for a healthy economy and I want it, however it's not healthy right now and I don't think what you see is a bunch of retail investors. It's mostly quants, trading houses, etc. trying to make short term bucks. Unfortunately, the market will read the right temperature at some point and then maybe we can start to make it healthy again, but layoffs aren't done, Q2 numbers aren't reported, and how can we be so close to the Feb highs if everyone is saying we won't reach FY19Q4 GDP until FY22Q3? Don't know that we will skim the lows of mid-March again, but I would be nimble if you're going to buy in the market today and need the money within the next 5 years.
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Re: Blood bath on wall street...my advice..
[Re: Guy]
#7859576
06/03/20 06:34 PM
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Joined: Aug 2005
Posts: 20,903
Sniper John
gumshoe
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gumshoe
Joined: Aug 2005
Posts: 20,903 |
April 1st, I put 10% of my cash back into stocks. Hindsight is always 20/20, but that 10% investment has an annualized return of close to 30%. Anyone that sold mid Feb and put it back in mid March, I would call that beginners luck. I was in and out a lot actively trading, but just before March I had been all in, then in Feb sold my one large bag holding and sold some other stocks for profit to build cash. Then bought back into the market in a little every 5% to 10% drop in March until it bottomed, then maxed out the IRAs and was all in again by the first 10% rise back up. Instead of averaging down on any losers during that time I sold them and put those funds into then tanked blue chips. As individual stocks turned to good profit, I rebalanced everything other than the four M.A.G.A. stocks into index, sector, country, and dividend stock ETFS for a safer play going forward. Some of the individual country ETFs came back up 40% to 50% from my March buy in. This week I have been taking profits on 40% of all portfolios to reload my cash for the next one. Everything I hold now is balanced, well in the green, fairly liquid, and set with trailing stops. With lots of cash on the side loaded for Bear I welcome a crash, but I am good whatever direction the market takes and can sleep at night with my current set up. Call it luck if you wish, but everything I did, though nerve racking, was intentional. Scalping and Day trading has been stupid easy too. Opportunities like March only come around once every 10 years or more.
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Re: Blood bath on wall street...my advice..
[Re: Sniper John]
#7859582
06/03/20 06:44 PM
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Joined: Sep 2005
Posts: 6,465
ndhunter
THF Trophy Hunter
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THF Trophy Hunter
Joined: Sep 2005
Posts: 6,465 |
I guess that's where the Sniper part comes in, well done. I did deviate from the Guy methodology and looked at my Q1 result, not too bad. I may not look at Q2 or 2020 for that matter.
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Re: Blood bath on wall street...my advice..
[Re: Sniper John]
#7859590
06/03/20 06:50 PM
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Joined: Nov 2009
Posts: 91,416
bill oxner
THF Celebrity
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THF Celebrity
Joined: Nov 2009
Posts: 91,416 |
April 1st, I put 10% of my cash back into stocks. Hindsight is always 20/20, but that 10% investment has an annualized return of close to 30%. Anyone that sold mid Feb and put it back in mid March, I would call that beginners luck. I was in and out a lot actively trading, but just before March I had been all in, then in Feb sold my one large bag holding and sold some other stocks for profit to build cash. Then bought back into the market in a little every 5% to 10% drop in March until it bottomed, then maxed out the IRAs and was all in again by the first 10% rise back up. Instead of averaging down on any losers during that time I sold them and put those funds into then tanked blue chips. As individual stocks turned to good profit, I rebalanced everything other than the four M.A.G.A. stocks into index, sector, country, and dividend stock ETFS for a safer play going forward. Some of the individual country ETFs came back up 40% to 50% from my March buy in. This week I have been taking profits on 40% of all portfolios to reload my cash for the next one. Everything I hold now is balanced, well in the green, fairly liquid, and set with trailing stops. With lots of cash on the side loaded for Bear I welcome a crash, but I am good whatever direction the market takes and can sleep at night with my current set up. Call it luck if you wish, but everything I did, though nerve racking, was intentional. Scalping and Day trading has been stupid easy too. Opportunities like March only come around once every 10 years or more. I remember that you did something similar during the last big crash.
Quail hunting is like walking into, and out of a beautiful painting all day long. Gene Hill
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Re: Blood bath on wall street...my advice..
[Re: Guy]
#7859657
06/03/20 07:48 PM
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Joined: Sep 2004
Posts: 1,862
swampthang
Pro Tracker
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Pro Tracker
Joined: Sep 2004
Posts: 1,862 |
DOW up +563 today. I think it's safe to say the bull mkt has returned.
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Re: Blood bath on wall street...my advice..
[Re: Guy]
#7859754
06/03/20 09:38 PM
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Joined: Aug 2004
Posts: 8,108
J.P. Greeson
the janitor
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the janitor
Joined: Aug 2004
Posts: 8,108 |
Looks like I may have to send someone a check soon.
“Wildlife and its habitat cannot speak, so we must and we will.” – Theodore Roosevelt
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Re: Blood bath on wall street...my advice..
[Re: swampthang]
#7859769
06/03/20 10:00 PM
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Joined: Oct 2008
Posts: 16,582
68rustbucket
THF Celebrity
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THF Celebrity
Joined: Oct 2008
Posts: 16,582 |
DOW up +563 today. I think it's safe to say the bull mkt has returned. Shhhhh! You’ll jinx it.
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Re: Blood bath on wall street...my advice..
[Re: 68rustbucket]
#7859816
06/03/20 11:29 PM
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Joined: Apr 2013
Posts: 8,318
freerange
THF Trophy Hunter
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THF Trophy Hunter
Joined: Apr 2013
Posts: 8,318 |
Sniper you are way way smarter market wise than me. Way!! I would never have the knowledge to make those moves. Not with real money anyway. I pay a guy/company to do my thinking and we are very conservative, im getting too old not to be.
At some point in life its time to quit chasing the pot of gold and just enjoy the rainbow. FR Keep your gratitude higher than your expectations. RWH
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Re: Blood bath on wall street...my advice..
[Re: Guy]
#7859840
06/03/20 11:56 PM
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Joined: Sep 2006
Posts: 4,899
luv2brode
Extreme Tracker
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Extreme Tracker
Joined: Sep 2006
Posts: 4,899 |
I'm liking the gains but I would love to pick up a bunch more at them lows
i am cancelling my subscription, i am tired of your issues!
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Re: Blood bath on wall street...my advice..
[Re: Guy]
#7860590
06/04/20 08:12 PM
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Joined: Nov 2009
Posts: 91,416
bill oxner
THF Celebrity
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THF Celebrity
Joined: Nov 2009
Posts: 91,416 |
The Dow went on a small roller coaster ride today but closed up a little.
Quail hunting is like walking into, and out of a beautiful painting all day long. Gene Hill
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Re: Blood bath on wall street...my advice..
[Re: Sniper John]
#7860597
06/04/20 08:28 PM
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Joined: Jan 2007
Posts: 15,410
reeltexan
THF Celebrity
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THF Celebrity
Joined: Jan 2007
Posts: 15,410 |
Opportunities like March only come around once every 10 years or more. this more than anything else.
"Give me an Army of West Point graduates and I'll win a battle... Give me a handful of Texas Aggies and I'll win a war." - General Patton
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Re: Blood bath on wall street...my advice..
[Re: Judd]
#7860600
06/04/20 08:41 PM
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Joined: Jan 2012
Posts: 29,105
TXHOGSLAYER
THF Celebrity
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THF Celebrity
Joined: Jan 2012
Posts: 29,105 |
I wish I knew for sure but I'm apprehensive....because 2nd quarter numbers are going to be a bloodbath and not sure the unemployment rate doesn't catch up. I had pulled every thing into bonds back when the dow was at 29k and couldn't make myself click submit. I sit here pondering the same decision at 26k. Buy stocks not funds
LETS GO BRANDON
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Re: Blood bath on wall street...my advice..
[Re: Judd]
#7860610
06/04/20 08:51 PM
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Joined: Apr 2007
Posts: 60,273
BOBO the Clown
kind of a big deal
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kind of a big deal
Joined: Apr 2007
Posts: 60,273 |
I wish I knew for sure but I'm apprehensive....because 2nd quarter numbers are going to be a bloodbath and not sure the unemployment rate doesn't catch up. I had pulled every thing into bonds back when the dow was at 29k and couldn't make myself click submit. I sit here pondering the same decision at 26k. It’s called long term capital games, buy
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Re: Blood bath on wall street...my advice..
[Re: Guy]
#7860622
06/04/20 09:12 PM
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Joined: Nov 2009
Posts: 91,416
bill oxner
THF Celebrity
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THF Celebrity
Joined: Nov 2009
Posts: 91,416 |
Just got this email from T Rowe Price.
Considerations for Retirees During the Pandemic It’s been said that “timing is everything.” That’s certainly true for those who have retired recently and are facing the unique challenges of the global pandemic. With thoughtful planning, however, there are steps you can take to navigate the near and longer term.
Quail hunting is like walking into, and out of a beautiful painting all day long. Gene Hill
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Re: Blood bath on wall street...my advice..
[Re: J.P. Greeson]
#7860628
06/04/20 09:18 PM
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Joined: Sep 2004
Posts: 10,823
DannyB
THF Celebrity
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THF Celebrity
Joined: Sep 2004
Posts: 10,823 |
Looks like I may have to send someone a check soon. Well, Wasn't the bet going to charity? I guess you could have kept charity at home and given it to your kids or grandkids because they have been severely robbed by the Federal Reserve. They probably at least wore a mask. You can thank Jerome Powell for the stock market. It sure didn't get there with profits. https://www.usdebtclock.org/
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Re: Blood bath on wall street...my advice..
[Re: DannyB]
#7860689
06/04/20 10:40 PM
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Joined: Sep 2007
Posts: 574
Pigsicles
Tracker
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Tracker
Joined: Sep 2007
Posts: 574 |
Looks like I may have to send someone a check soon. Well, Wasn't the bet going to charity? I guess you could have kept charity at home and given it to your kids or grandkids because they have been severely robbed by the Federal Reserve. They probably at least wore a mask. You can thank Jerome Powell for the stock market. It sure didn't get there with profits. https://www.usdebtclock.org/ Bingo. I sure don’t mind making money but this is just a mockery of a market. There is no price discovery based on performance in revenues or earnings. I’m running very tight trailing stops in my trading acct.
Pulsar Trail XQ50 Pulsar HD 19A
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Re: Blood bath on wall street...my advice..
[Re: Guy]
#7860710
06/04/20 10:59 PM
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Joined: Nov 2009
Posts: 91,416
bill oxner
THF Celebrity
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THF Celebrity
Joined: Nov 2009
Posts: 91,416 |
Sometimes its just blind luck. I retired from Pfizer. Most of my IRA is in their stock.. They are now working on a vaccine for the virus.
"Pfizer Stock: Is The Pharmaceutical Company A Buy As It Partners On A Coronavirus Vaccine?
3 days ago · Pfizer stock could see some gains as it makes progress on a coronavirus vaccine . But the ..."
Quail hunting is like walking into, and out of a beautiful painting all day long. Gene Hill
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Re: Blood bath on wall street...my advice..
[Re: Pigsicles]
#7860796
06/05/20 01:39 AM
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Joined: Sep 2004
Posts: 1,862
swampthang
Pro Tracker
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Pro Tracker
Joined: Sep 2004
Posts: 1,862 |
Looks like I may have to send someone a check soon. Well, Wasn't the bet going to charity? I guess you could have kept charity at home and given it to your kids or grandkids because they have been severely robbed by the Federal Reserve. They probably at least wore a mask. You can thank Jerome Powell for the stock market. It sure didn't get there with profits. https://www.usdebtclock.org/ Bingo. I sure don’t mind making money but this is just a mockery of a market. There is no price discovery based on performance in revenues or earnings. I’m running very tight trailing stops in my trading acct. Let me get this straight.A horrific pandemic just decimated the US economy and yall want stock prices to reflect that? So we should roll back stock prices to the march 23 lows? 18,200 on the DOW? Riiiiight. I'll get right on that. I'll talk to the powers that be about that.
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Re: Blood bath on wall street...my advice..
[Re: Guy]
#7860801
06/05/20 01:48 AM
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Joined: Sep 2004
Posts: 1,862
swampthang
Pro Tracker
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Pro Tracker
Joined: Sep 2004
Posts: 1,862 |
On one of my screeners (stocks above $7 and above 1mm avg traded)today 6 of the top 7 stocks were airline stocks. That's insane. And that's on a down day in the market! The risk trade is back on. I still don't see many contrails in the sky but planes are filling back up.
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Re: Blood bath on wall street...my advice..
[Re: Guy]
#7860977
06/05/20 11:36 AM
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Joined: Nov 2009
Posts: 91,416
bill oxner
THF Celebrity
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THF Celebrity
Joined: Nov 2009
Posts: 91,416 |
Futures are up this morning.
Quail hunting is like walking into, and out of a beautiful painting all day long. Gene Hill
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Re: Blood bath on wall street...my advice..
[Re: swampthang]
#7860992
06/05/20 11:56 AM
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Joined: Aug 2012
Posts: 15,540
TexFlip
THF Celebrity
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THF Celebrity
Joined: Aug 2012
Posts: 15,540 |
On one of my screeners (stocks above $7 and above 1mm avg traded)today 6 of the top 7 stocks were airline stocks. That's insane. And that's on a down day in the market! The risk trade is back on. I still don't see many contrails in the sky but planes are filling back up. Airline calls did very well this week. Very well.
Just to make sure that it is done thoroughly, I go both ways.
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Re: Blood bath on wall street...my advice..
[Re: TexFlip]
#7861033
06/05/20 12:46 PM
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Joined: Nov 2009
Posts: 91,416
bill oxner
THF Celebrity
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THF Celebrity
Joined: Nov 2009
Posts: 91,416 |
On one of my screeners (stocks above $7 and above 1mm avg traded)today 6 of the top 7 stocks were airline stocks. That's insane. And that's on a down day in the market! The risk trade is back on. I still don't see many contrails in the sky but planes are filling back up. Airline calls did very well this week. Very well. Yep. Just saw that LUV was trading at $40.
Quail hunting is like walking into, and out of a beautiful painting all day long. Gene Hill
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Re: Blood bath on wall street...my advice..
[Re: bill oxner]
#7861043
06/05/20 12:58 PM
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Joined: Sep 2004
Posts: 1,862
swampthang
Pro Tracker
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Pro Tracker
Joined: Sep 2004
Posts: 1,862 |
On one of my screeners (stocks above $7 and above 1mm avg traded)today 6 of the top 7 stocks were airline stocks. That's insane. And that's on a down day in the market! The risk trade is back on. I still don't see many contrails in the sky but planes are filling back up. Airline calls did very well this week. Very well. Yep. Just saw that LUV was trading at $40. Yes and the other airlines are up a whole lot more than Southwest this morning. Somebody is taking a chance on Hertz,its up 87% this morning. They filed for bankruptcy last week.
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